Consumer Spending Choices is Mainly Affected by the Levels of Discretionary Income.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c48992) has announced the addition of the Euromonitor International report Spending Choices: Discretionary Income Discretionary Income The amount of an individual's income available for spending after the essentials have been taken care of. Notes: Essentials are things like food, clothing, and shelter. Patterns to 2015 to their offering. In affluent societies affluent society, term coined by John Kenneth Galbraith in The Affluent Society (1958) to describe the United States after World War II. An affluent society, as the term was used ironically by Galbraith, is rich in private resources but poor in public ones , what is the discretionary spend? When disposable income disposable income Portion of an individual's income over which the recipient has complete discretion. To assess disposable income, it is necessary to determine total income, including not only wages and salaries, interest and dividend payments, and business profits, but also is squeezed by increased costs what are consumers' priorities? Equally, what are they choosing not to buy? Our Spending Choices: Discretionary Income Patterns to 2015 report includes information from Our unique database of information on spending patterns, sourced from hard to research income data for over 70 countries' household surveys, national accounts and administrative records. Why buy this report? * Get a detailed picture of consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. habits on a global level * Pinpoint growth sectors and trends and identify factors driving change * Use forecasts to 2015 to assess how markets will be impacted by changing income patterns With a network of over 600 analysts worldwide, we have the unique capability to develop reliable information resources (1) The data and information assets of an organization, department or unit. See data administration. (2) Another name for the Information Systems (IS) or Information Technology (IT) department. See IT. to help drive informed strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . Extract from Executive Summary * Consumer spending choices are affected by many different factors, the most important being levels of discretionary income (disposable income minus the cost of the fixed expenses of life, such as rent/mortgage, food, car payments, insurance, etc). * Discretionary income, in turn, is strongly influenced by a country's economic situation: it typically rises in periods of expansion and falls in times of economic downturn. * According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Maslow's Hierarchy of Needs * Luxury items, such as entertainment, takeaway food, luxury cars and premium cosmetics cosmetics, preparations externally applied to change or enhance the beauty of skin, hair, nails, lips, and eyes. The use of body paint for ornamental and religious purposes has been common among primitive peoples from prehistoric times (see body-marking). , are generally considered to be discretionary purchases, and these are the first to suffer in times of economic hardship or low consumer confidence. * Income/price elasticity is a term used to describe the responsiveness of demand for a particular product or service if incomes or prices rise or fall. Necessities usually have an income elasticity of zero, while luxury products have high income elasticities. Topics Covered 1. Executive Summary 1.1 Influences on Spending 1.2 Consumer Expenditure Trends 1.3 Income/price Elasticity Patterns 1.4 Impact on Consumer Markets 1.5 Future Trends 2. Spending Drivers 2.1 Introduction 2.2 Disposable Income 2.3 Consumer Confidence 2.4 Economic Growth 2.5 Employment 2.6 Prices 2.7 Levels of Borrowing 2.8 Housing Costs 2.9 Spending Patterns by Age Group 2.10 Changing Household Structures 2.11 Government Influences 2.12 The Influence of Technology 3. Global Spending Trends 3.1 Per Capita Spend by Country 3.2 Global Spend by Sector 3.3 Regional Patterns of Expenditure 3.4 Changing Spending Patterns in The Developing World 4. Income and Price Elasticity 5. Impact on Consumer Markets 5.1 Introduction 5.2 Impact on IMIS Markets 6. Trends in Major Markets 6.1 France 6.2 Germany 6.3 Italy 6.4 Japan 6.5 UK 6.6 US 7. Forecasts 7.1 Trends To Watch 7.2 Market Forecasts For more information visit http://www.researchandmarkets.com/reports/c48992 |
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